There is not much time left for Manchester United to strengthen their squad this summer.
Manchester United's rapid share price rise and what it means for takeover
09.08.2023 - 15:15 / manchestereveningnews.co.uk
Manchester United's share price has risen by more than 17 per cent over the last five days as investors are beginning to show confidence the takeover saga is coming to an end, an investment expert has claimed.
Back in November, the Glazer family announced they were seeking strategic alternatives in terms of their ownership of the club. In the aftermath which followed, Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe distanced themselves as the favourites to takeover.
Sheikh Jassim's bid would see him purchase 100 per cent of the club while Ratcliffe is proposing to purchase 60 per cent which would see the INEOS man open the door for the Glazers to remain at Old Trafford. While official confirmation as to who is closest to taking control of the Reds has not yet come, reports have suggested the Qatari banker is in pole position.
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According to Harry Leyburn of investment platform Saxo, the markets are in favour of Sheikh Jassim's bid and are hopeful he will be able to push through a deal. "The growing confidence around Old Trafford that a deal can be agreed for the Glazers to sell the club has led to a direct 17 per cent increase in the share price, adding £375m to the club’s market cap and fueling market sentiment," he explained.
"Investors are holding out on Sheikh Jassim to win the takeover battle, with the latest reports the strongest indication he will emerge victorious against Sir Jim Ratcliffe of INEOS. As part of his takeover plan, Sheikh Jassim has vowed to eradicate the club’s £1bn debt acquired
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